By Kiku Steinfeld
Chicago, Aug. 7 – HSBC USA Inc. priced $205,000 of 0% dual directional buffered notes due Feb. 28, 2025 linked to the Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains, the payout will be par plus 100% of the worst performing index return subject to a maximum return of par plus 37.5%.
The payout will be par plus the absolute value of the worst performing index return if the worst performing index declines but by no more than the 13% buffer.
Investors will lose 1% for every 1% that the worst performing index declines beyond the buffer.
The securities are non-callable.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Dual directional buffered notes
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Underlying indexes: | Nasdaq-100 index and Russell 2000 index
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Amount: | $205,000
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Maturity: | Feb. 28, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index gains, par plus 100% of worst performing index return subject to a maximum return of par plus 37.5%; par plus absolute value of worst performing index return if worst performing index declines but finishes above threshold value; 1% loss for every 1% that worst performing index declines beyond buffer
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Upside leverage: | 100%
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Cap: | 37.5%
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Buffer levels: | 87% of initial levels
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Initial levels: | 12,180.14 for Nasdaq, 1,908.093 for Russell
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Call: | Non-callable
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Pricing date: | Feb. 23, 2023
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Settlement date: | Feb. 28, 2023
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 2.25%
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Cusip: | 40441XJ68
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